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OneLife Botanicals expands scope as cannabis manufacturer
Holding Redlich has advised OneLife Botanicals on its latest acquisition geared towards the cannabis industry.
Emma Musgrave
Firm: Holding Redlich (OneLife Botanicals); Undisclosed (MediPharm Labs Inc)
Value: $7.25 million
Area: Pharmaceuticals; cannabinoids
Key players: The legal team advising OneLife Botanicals included Holding Redlich partner Alyn Tai.
Deal significance: MediPharm Labs Inc is a listed Canadian entity with an Australian subsidiary, MediPharm Labs Australia.
According to a statement provided by Holding Redlich, OneLife Botanical’s acquisition of MediPharm Labs Australia means that OneLife Botanicals becomes one of Australia’s leading cannabis manufacturers.
“The deal is significant from Holding Redlich’s perspective as it emphasises our deep expertise both in the health and manufacturing industries,” the firm’s statement said.
Commenting further, Holding Redlich partner Alyn Tai said: “Holding Redlich is pleased to have advised OneLife Botanicals on its acquisition of MediPharm Labs Australia from Canadian-based MediPharm Labs Inc.
“OneLife Botanicals has now cemented its place as a market leader in the emerging cannabis manufacturing space, and we look forward to working with them towards their next phase of growth and success.
“This deal demonstrates Holding Redlich’s expertise in helping healthcare companies take their businesses to the next level, as well as our breadth of M&A capabilities across various industry sectors.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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